European Bank for Reconstruction and Development (EBRD) launched a free-to-use online learning and advice programme to support micro, small and medium-sized enterprises (MSMEs) confronted with the economic impact of the coronavirus pandemic.
The EBRD “Know How to...in a Crisis” programme, hosted on the Bank’s platform, The Know How Academy, is a central learning hub where entrepreneurs can access practical assistance, including training materials and crisis management advice from industry experts and can join peer discussion forums.
The hub also offers specific local information on the financial support available from governments and banks in 30 of the economies where the EBRD invests.
The EBRD program focuses on five key business pillars:
- Crisis Management: Your customers and suppliers;
- Crisis Management: Financial management essentials;
- Crisis Management: Financing your firm;
- Crisis Management: Your staff your key asset;
- Crisis Management: Management and leadership challenges.
All resources are offered in English, Arabic, Russian, Turkish and Ukrainian.
In collaboration with partner banks and business support groups across its regions, the EBRD expects to deploy the program in 30 countries with the aim of reaching more than 10,000 people working in the MSMEs.
In Turkmenistan, the initiative is funded by the European Union.